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of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today d
oracle headquarters in san francisco, where i'll be speaking exclusive by with oracle president mark hurd later on in the program. hope you'll stay tuned for that. >>> meanwhile, we've got to talk about this big rally. i have to ask hurd what he makes of this market. for whatever reason, it keeps going higher. >> yeah, whether that has something to do with corporate earnings, we will know soon enough, momm maria. the dow was up 163 points at one time today. at the high of the day, the big gains coming before investors took in fed chairman bernanke's comments this afternoon we've all been talking about. we will have reaction to that address in the q&a session plus the outlook for the last three months of the year in just a moment. first a look at the major averages. a rally on the open this morning, mainly on the report that manufacturing started to grow again for the first time since may. construction spending was not great. that may have taken some of the sheen off this rally today. the dow up. 117 points right now at 13,555. the nasdaq's up 5.25 points. well off its high set in the open
the disease. >> giving home to migraine sufferers, the remedy that is getting positive reviews. >> and oracle addresses the masses. what he shared ,, -those other store cards... -...preferred shopper... ...club...things... ...kept sending me coupons for cat food. i'm just not a coupon clipper. i buy what i want to buy. can i get a reward for that? [ frank ] introducing something extra from raley's, bel air, and nob hill. you get something extra rewards... ...for the way i shop... for buying the things i like. instant offers, points balance, right here on my smart phone. [ frank ] join today at raley's dotcom, or at your store. ...it rewards you... for being you. [ frank ] raley's, bel air, and nob hill. for food, for family, and now, something extra -- for you. today, we're forty-seventh, out of fifty in per-pupil funding. vo: for years, sacramento politicians have chopped away funds for our schools. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to
dedicated performer. the story ahead and plus a portion of san francisco is now oracle world. the company's big convention could cause some big headaches if you are trying to get around downtown. that story ahead. and the heat will peak [ woman ] ring. ring. progresso. your new light creamy potato with bacon & cheese soup says it's 100 calories a serving. that's right. in what world do potatoes, bacon and cheese add up to 100 calories? your world. my world. ♪ [ whispers ] real bacon...creamy cheese... [ whispers ] 100 calories... say it again... [ whispers ] 100 calories... ma'am, hello? ma'am? [ female announcer ] find progresso light for a great price today at your local safeway store. right now in san francisco the keynote speech of the oracle world open world conference. it's being held at the moscone center. part of howard street is close today traffic and several muni bus lines are expected. the conference is expected to ail tract about 50,000 people and generate an estimated $120 million in revenue for the city. oracle open world runs through thursday. >>> pop star justin bieber
there may be a gas odor in the area. >>> howard street is closed through thursday. oracle's ceo kicked thins into high gear last night. lilian kim says he promised the fastest data processing yet. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional databases. he announced the oracle private cloud which can be kept behind the customer's own security firewalls. then the x-3 designed to store all databases in memory can >> if you thought the old datas were fast you ain't seen nothing yet many >> reporter: his keynote address was his first of two scheduled speeches. 50,000 registered for oracle's 30th annual conference. some say while the devil is in the details, they did like what they heard confidentiality is very important. therefore, giving us the infrastructure that we could have in
the carmageddon 2 project >> oracle's 30th world open user conference is underway. larry ellison is at the mike. he is expected to announce a major change in oracle's database business. specifically oracle will introduce their new 12-c database. the conference runs through wednesday. a serious accident in san francisco, it happened just before nine this morning at-battery and green street off the embarcadero. one car flipped on to its ruth. rescue crews cut the person out of the vehicle. at least one person was taken to the hospital. the so-called carmageddon 2 in los angeles is going off without a hitch. well, almost. take a look at this. a huge piece of the bridge being demolished suddenly fell. workers had to high tail it out of there in a hurry. luckily no one was hurt. the closed ten-mile stretch of 405 freeway is on schedule to reopen early monday morning. >>> just ahead, the big delivery the post office will not make tonight that could get it in some hot water. and two northern californians are big winners in the lottery. where the winning tickets were bought. and plus the excessive heat
nicely into san francisco, oracle open world will have streets blocked howard street, blocked between third and fourth for rest of the week expect delays south of market in that vicinity. southbound 17 earlier stall at summit blocking right lane, out of lanes coming into san francisco, stall 101 at 80 split, might be finding slowinging there. with all events, america's cup starting tomorrow, fleet week later in the week, hardly strictly bluegrass, waze app would be a great way to get around san francisco slowing through lombard coming into san francisco from the bay bridge. abc7news.com/waze for this free app that will help you get around some of these traffic jams. >>>:09. >>> children and television, the new research that says leaving the tv on in your house can be harmful to young ones. >> could there be a shortage of diapers? the disaster half a world away that may impact global supply. >>> hotel attack. serious accusations actress lindsay lohan is making i moved to new york to work in fashion. i came here with just a suitcase, maybe two. and luckily i found an apartment just thre
have to keep current not just on old stuff. oracle makes software that does credit card to airline and hotel reservations, oracle world runs through thursday. >>> another ban, not just grocery shoppers who will byob. >>> walking for a cause while making a point. why a grass-roots vo: for years, sacramento politicians have chopped away funds for our schools. today, we're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. >>> attention san francisco shoppers, bring your own bag or it will cost you. starting tomorrow a citywide ordinance banning the use of plastic bags will go into effect for all retail stores. currently the ban only effects large super markets and pharmacies. don't have a bag? well, you will be charged 10 cents for every paper
's no coincide that the apple 5 was unveiled there this week or oracle is having their meeting next week. it's the best way to generate more business. the economic impact of the center is significant. we have calculated that we have lost $2 billion in spending because the building is not big enough and people have left. people that want to meet in san francisco or come back over a regular cycle are not able to meet here because it's too small. so we have to expand and once we do, it will create jobs, revenue and taxes for the city. we have a whole expansion team. it's' private-public partnership. all partnering to make this thing happen. so what is our goals? is that location has changed dram itally and to work cost-effectively to stay onbudget and deliver the project. so this is the context of where we're looking at. it's right on the lines of new central subway. there will be a moscone stop. we have three separate buildings, south opened 32 years and north opened 20 years and moscone west opened a little over ten years ago. for the study looked at that whole area and looked at the three
to face president oe be ma. >>> oracle's open world 2012 has kicked off. what larry ellison debuted at today's event. >>> as residents fume on the latest fire in richmond, we learned lawmakers are getting ready to make a pitch to the refinery. the project at stake. >>> many people living in richmond have been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city will reach out to chevron hoping that the oil company will help revitalize the area. the city council is expected to make that request later this week in a story you will only see on 2. >> reporter: look in downtown richmond and you will see the signs, richmond welcomes lbnl. a major gift that the city wants to build upon with chevron. >> we're urging chevron to help create a research campus in richmond most particularly at marina bay because that's where berkeley labs are coming in. >> reporter: tom butts says the idea is with lawrence berkeley labs and chevron marina bay could become a mayor green tech center instead of what it is. a collection of empty office buildi
at the conference and to deal with oracle. they're looking to give oracles customers access to its growing map locations. they are expanding the company's mapping services which will compete with google maps. oracle is calling the move an easier way to get customers to use nokia's maps. we will see. >> i want to say people have been complaining about the apple mac, i use them twice this weekend. turn by turn series or whoever was talking to me i liked it. it was better than my car. i live a care we're two minutes opening away from opening bells. we will be back of >> opening bell on wall street on this first trading day of the first fourth quarter. i'm also feeling pretty with estee lauder ringing in the bell at the new york stock exchange. the year rosellen law of the best third quarter since 2010. the beginning of the last three months trading of this year there up 72 points. also out of washington we are waiting for word from the supreme court as to whether or not they're going to hear the case on a prop 8 putting out the list of cases they will not hear. if they do no >> today the weather
on same-sex marriage. it could be heard sometime in november. >>> oracle world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements including the unveiling of the oracle data base 12c. >> be my guest. it is the first multi tenant database in the world. >> it has been in development for more than four years, and it is supposed to be vastly more efficient than traditional databases. and there is the private cloud that should be kept behind the fire walls. >> if you thought the old ones were fast, you ain't seen nothing yet. >> it was his first of two scheduled speeches at open world. about 50,000 people registered for the user conference. some people we talked to say while the devil is in the
to face president oe be ma. >>> oracle's open world 2012 has kicked off. [ male announcer ] this is the opposite of subliminal advertising... there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver. only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> many people living in richmond have been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city wi
. >> oracle 12 c is the foundation for an ex panning business -- expanding business. it is the software foundation of the oracle cloud. >> oracle world runs through thursday. >> no legislative release for the states 200,000 domestic workers. vetoed legislation that would have provided overtime and other protections to an estimated 200,000 care givers, nannies and house cleaners. he rejected it because he believes the bills raises a number of unanswered questions. >> parents who don't have their parents vaccinated must have a doctor's note to enroll their students into school. opponents including actor rob snyder say it should be a parent's choice and many doctors won't sign the waivers. vaccines can prevent lifelong injury and death. >>> california is the first state to ban a controversial therapy aimed at making a gay minor become straight. governor brown signed the bill saying it bans not scientific therapies that have driven young people to depression and suicide. the ban is an infringement on parent's rights to provide psychological care for their own children. >>> a new poll shows
software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that qualify will receive payments by next march. >> tom: the early optimism by investors and traders faded throughout today's stock session with the major indices ending mixed. the s&p 500 shot up to its highest price of the day just after 10 a.m. eastern time on the heels of the better than expected manufacturing data. but prices trended lower throughouthe session, ending up 0.3%. trading volume was 671 million shares
themselves on route 1 in california thanks to google. >> take a look at shares of oracle, surging today on the first day of its open world conference. it's up 1.6%. really nice, strong gain, bucking the trend amongst its peers, as well as a broader market. one of those ipos going to hit the market workday. that's a cloud play, expected to be a hot ipo. in fact, people are already estimating that revenues will hit $1 billion by 2015. so workday is that ipo. could be in oracle's back yard in terms of competition. >> i find it amazing. oracle's application growth was nil. and there frankly is not -- the growth tends to be acquisition growth. and people love it. they don't look through the numbers. one of the frustrating things for the purists is there wasn't a lot of growth in oracle and the stock didn't get hit. this is a remarkable time, guys. here you don't have the classic what you want to see from tech, which is good revenue growth and no one seems to mind. >> i think in certain companies, investors are willing to look past. that's oracle, that's amazon, a number of them. and they're
a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to ask for any government assistance? >> i think they're certainly going to try. but in terms of their market, it will be highly diluted, so it depends on how well it goes down with investors. the stock should open up in about ten minutes time. we've had a couple brokers lower their price. they also have also announced that they plan to see a capital increase of around 2 billion euros as a result of divest hims. it's actually lack of clarity on the details of that that have resulted in a lowered estimate for the share price. as you mentioned, record provisions this year. they
. >>> elsewhere, on the heels of apple's flawed debut of the flawed map app, oracle customers will have access to nokia's data and location services. >>> hewlett packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research from the pew center, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bonnie and clyde sold to an anonymous buyer for just over half a million dollars at an auction over the weekend. >>> a quarterback makes history, and nfl teams break out a bag of tricks. >>> plus, a colossal collapse at golf's ryder cup championship. your early morning sports headlines are straight ahead. >>> and all the heavy rain over the weekend and this morning in the southeast is on the move. i'll tell you where it's heading coming up. you're watching "early today." >>> well, good morning. if you're just waking up, this is "early today." in sports, the europeans play
products being unveiled by oracle. >>> caltrain computers will see changes this morning. what you can expect if you are riding the rails to work later. here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios
county and pick people up at the presidio and into the city as they go down to oracle and google and adobe, and apple. all of these companies are running these buses to bring people that they want to hire and they want to retain down to their corporate headquarters in silicon valley. it's a tremendous change and i would postulate if you think about this for a moment, it's essentially like the suburban flight of the 1960's turned on its head. when you think back about what was going on in cities in suburbia in the 1950's, '60's and 70's, people didn't want to live in the cities and people wanted to go out to the suburbs for good school districts and a good quality of life. today that is turned on its head. people want to be in the cities. they want the activity. they want to be in the dynamic environment. what you saw in the suburban flight of the 1960's and 1970's was that after people moved out to the suburbs, so, too, did the companies move out to the suburbs. and i think what you are going to see is increasing pressure, if this is a battle between the employees and the employ
tech event. the big announcement oracle is making. >> complete bay area news coverage starts right now this is ktvu channel 2news at five. >> good evening. i'm ken wayne. >> i'm heather hoppings. we start this 5:00 hour with breaking news out of san carlos where a shooting crash has shut down a portion of southbound highway 101. the police say an parent shooting victim was involved in a crash near the holly street exit. authorities say a vehicle was seen swerving before it veered off the roadway. we don't know the extent of the victim's injuries. the traffic is stopped in the southbound lanes and some people were standing outside of their cars. if we get more information on the breaking story we will of course bring it to you during the course of this newscast. >>> now to developing news that we are following for you off the san mateo coast. the coast guard launching a search for two fishermen who went missing after their boat capsized. the accident happened at about 10:30 this morning about 20 miles south of half moon bay. two other people in the boat made it safely to shore. the mi
. it could be heard sometime in november. >>> oracle world world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements including the thea base 12c. >> be my guest. it is the first multi tenant database in the world. >> it has been in development for more than four years, and it is supposed to be vastly more efficient than traditional databases. and there is the private cloud that should be kept behind the fire walls. >> if you thought the old ones were fast, you ain't seen nothing yet. >> it was his first of two scheduled speeches at open world. about 50,000 people registered for the user conference. some people we talked to say while the devil is in the details, they did like what they heard
oracle customers some of the access to their mapping products, so we'll continue to watch that, and you know mapping has been such a big deal as apple has had such a hard time with the iphone 5. this is something interesting that nokia's doing along with oracle, and they've made some other deals with groupon and amazon. another thing with nokia, you can sees the higher today. the consulting and outsourcing group accenture has brought some internet protocol television assets from nokia, so this is something we'll continue to watch, and this will bolster the video capabilities of accenture, so two pieces of news featuring nokia, but as i noted, that is nearly an 8% gain for this mobile phone company. certainly a big move on a day where we do have a rally, which we've lost some of it, but a great move for nokia today. pack to you. ashley: thank you very much, nicole. let's go out to the cme and sandra. take it away. >> reporter: hey, ashley. well, some of your biggest movers on the cme today were in the energy sector. take a look at natural gas prices jumping 5 president on the session. we
this ban. >>> what's still ahead for the estimated 50,000 attendees at the oracle world conference in san francisco. what appears on the surface to be an understated example of unequaled american achievement, is actually an extremely sophisticated apparatus of goodness and flavor, bonded together by a perfectly aged, all natural, tasty... gooey... blanket of love. >>> the you city of -- the city of richmond is set to reach out to chevron. this follows weeks of criticism after the massive fire at the refinefully august. the city wants chevron to help create a research campus at the marina bay. city council believes this could be a green tech center. >> i mean, chevron has sort of acknowledged that -- in a number of ways that -- that they want to increase their presence in richmond. >> the city council is expected to make their request tomorrow. chevron has said it is not in a position to make any long-term investment decision until a plan to modernize it is successfully submitted. >>> pg&e crews want to warn people of possible odors say near highway 280 and edgewood road. and this is part
their mapping service. they're announced that they're working closely with oracle, a deal that we'll probably learn more about later in the day according to the wall street journal they've been working hard on signing up mapping and location deals not only with oracle, but amazon and the mapping services will come and give oracle access to the mapping services and what nokia has been saying and this is a big one we'll continue to follow. and i see the dow soaring up 150 points. do you know what the only loser in the dow 30 is. stuart: i know what it is, i'm there already. and you tell the world, go ahead. >> microsoft. and stuart will now give his disclosure, stuart. stuart: i own the stocks for years and years and years, and hoping to retire on it, apparently not. >> he's doing a good job on the fox business network today e and that's all we have time for. microsoft is the only loser of the dow 30's. microsoft is down on the day when the dow jones industrial average is 150. never ever take investment advice from a foreigner, got it? i'm serious, what kind of idiot-- i saw this story many tim
which is up 5 1/4%. oracle also higher today, and this is on a deal that nokia is expected to announce. we will get more details, but we heard from the "wall street journal" yesterday that they are now working with oracle and now oracle will have some maps and some of that. now, nokia has been working hard on maps with other companies such as groupon and amazon, and all of this is to compete with apple as it has the maps. so this is why nokia is powering forward with maps. back to you. dagen: thanks. >>> breaking news europe's markets are just closing. ashley webster is here with the details on people with long names. ashley: buy them a vowel. dagen: every day. ashley: first day of the quarter begins with a nice bounce on the european markets. could have been helped by the ism number here in the u.s. i think it is the ryder cup bounce. sorry. dagen: hurt me. hurt me. ashley: you know what? ftse up about 1 1/2%. the cac up 2 1/2%. the dax up 1 1/2%. that's the last i'm going to say about the ryder cup. greece's brutal recession will stretch into a sixth year next year when the economy w
to the hotel reservations. oracle world runs through thursday. >>> people visiting, of course, they are wondering about this heat that we have. roberta gonzales is here with a look at our forecast. roberta? >> reporter: and yes, to see the full moon tonight, it's a big giant to give us this moon, called the harvest moon. and one month from now when we need to see our next full moon, that even has the title called the hunters mode. it is just glorious out this because we have the cheer skies today. we have temperatures, anywhere from 68 degrees from half moon bay to 84 degrees in san francisco. a record high of 100 degrees in livermore and fairfield. 90 in san jose. bottoming out into the 50s for the most part into the lower 60s. we are seeing the cool down with the longer nights. now meanwhile clear skies and the overnight hours for you tomorrow. we're going to see a slightly hotter day. and i do say hotter when you need to put the emphasis on hot, especially in the inland areas. tomorrow the heat wave will peek and we'll see the cooler temperatures by the enof the week. now,
budget. >>> elsewhere, on the heels of apple's flawed debut of its new mapping app, nokia and oracle customers will have access to nokia's data and location services. >> hewlett-packard is set to roll out a new tablet device today that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bonnie and clyde sold to an anonymous buyer for just over half a million dollars at an auction over the weekend. >>> a quarterback makes history, and nfl teams break out a bag of tricks. >>> plus, a colossal collapse at golf's ryder cup championship. your "first look" at sports is straight ahead. you're watching "first look" on msnbc. does your phone give you all day battery life ? droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. wi
ers home game it's a busy weekend. >> there is so much happening in the fair coming up. oracle. you know? races going on. >> the manager says the whole city is sold out and have not yet mentioned giants that will be in town. >> this is the beginning of great number of events in our city. >> the mayor kicked off fleet week and outside of the pub he says he's never seen the like. >> this is at it's best f you'd like a list of the things mentioned you can find it by going to abc 7 news.com click on the see it on tv link and there are tips on how to get around in san francisco. on this very busy week. >> thank you. >> he looks great. >> there is going to be a lot of traffic jams and there are resources to help you get around the city. >> that does it for he this edition. >> and and the a defense attorney explains why his student killed a nursing student michelle li. >> and a man carrying a grenade creates a major scare. >> there is is heat extending to the ko. high temperatures so far coming up. >> good evening, i'm cheryl jennings. >> was it a crime of passion or murder? >> that is wha
oracle customers access to nokia's map services. the agreement would be announced today at the oracle world conference. i've never known that maps would be so important in everybody's lives. such big important -- >> huge. >> saw something over the weekend about -- >> ever a day when apple gets maps? >> apple has a lot of money. if they just start pouring all money they have into making this better, they've gotten the message. >> i talked to engineers on bring that said it is impossible, it might take you three years to get the information to be correct. it's actually the data. >> and google has truck has go up and down -- carl had written that one drove by his, the google truck that has the camera going around. >> you can't just write an al go rhythm that finds every single side street. it's a lot of roads. >> use everybody who has an iphone to replicate what google has done by having people literally use their iphone to actually take pictures of buildings. >> to help? >> yes, to help to try to recreate crowd sourcing operation. >> i'm not helping. that could be a tux tie. >> it's a w
. he helped to restructure a software company that resold itself to oracle too. that's the kind of activist cfo that they need. the fact that she picked him tells them they're going in the right direction. the plan we will hear more about when they report in two weeks, i think the stock can start marching higher. the reason is simple. the company can get aggressive about unlocking the pieces and yahoo! has got a lot to unlock. whatth week goldman sachs came out with a terrific pieces. i said i'm changing my mind. this is really good research where they added yahoo! to the buy list based on the sum and parts of the analysis, some of the most rigorous analysis on yahoo!. let's go through the pieces. first, yahoo! owns a major stock in ali baba, like the ebay and paypal of china. the old management didn't know what to do with it. that changed back in may when the predecessor interim ceo ross levinsohn worked out a deal to have ali baba buy back half of the position. this sale closed less than two weeks ago with yahoo! netting $4.2 billion in cash and fees. and even better, yahoo! w
- president mark heard. the commission goes until thursday. >> nokia looks to give oracle customers access to map data and location services. this bill seems like nokia executives are trying to expand this concept companies mapping services which are going head-to-head with google map. freedom which to a start up one of the founders of sky is set to launch today a wireless data service that promises to save customers hundreds of dollars a year. the services offering users have a gigabyte of have speed wireless data free per month and day and sell more cheaper rates as a gigabyte for $10 a month 5 gb for $35 a month to have some options there from the freedom pop they said the costa much lower than with the carriers charge of the carrier since the services the data only. >> we'll be right back as the kron for morning news continues the or plastic and stethoscope consumers have only one option. and a live look from the san mateo bridge before sun sign is getting warm already this morning traffic from its low westbound it's almost 60 degrees already before i knew 90 around 4:00 this afternoon
following breaking headlines. looking at nokia in particular. nokia now agreed to give oracle customers access to its mapping products. so obviously we have nokia, the mobile phone company, just trying to expand its location services business. you may remember that apple had a lot of serious issues with their mapping services. nokia has been working really hard on mapping, to sign mapping deals with groupon and amazon. this is the same time apple is working on that deal. nokia up 8%. back to you. ashley: very good. tracy: we'll check back with you in 15 minutes, nicole. ashley: tracy, doesn't like syrup on her pancakes. tracy: i don't. i don't use condements. no ketchup, mayonnaise, mustard or syrup. ashley: i just don't get it. is the u.s. economy in a double-dip recession no one knows about? even though we're up big today, economists are saying key economic data is being ignored. why? what is it? liz macdonald joins us. >> we had a wall street executive jon huntsman. he said we're already in recession. it started in the middle of the year. who else but ben bernanke is weighing in whet
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